Daily funding roundup - October 6, 2015

Mitos Suson · October 6, 2015 · Short URL: https://vator.tv/n/4084

Impossible Foods raised $108M; Code42 secured $85M; Canva bagged $21M

  • Mumbai-based Aasaanjobs Pvt. Ltd that owns and operates the online recruitment portal Aasaanjobs.com said on Wednesday that it has raised $1.5 million in funding from Inventus Capital Partners and IDG VenturesThe company is looking to use the funds to expand existing offerings, improve technology, product development and hiring people.

  • Cloverpop, a San Francisco-based online solution for teams to make decisions, landed $1.8 million in seed funding. Backers included True Ventures, TDF Ventures and private investors. The company intends to use the funds to expand operations. Erik Larson, founder and CEO, Cloverpop provides an online tool that leverages behavioral economics to guide managers and teams through a collaborative process designed to apply best practices to every business decision.

  • Israeli startup Morphisec, which develops cyber security prevention and detection tools, has closed a $7 million Series A funding round led by Jerusalem Venture Partners (JVP), GE Ventures, Deutsche Telekom, Portage Advisors llc., and OurCrowd. The company has raised $8.5 million to date, including this financing round.

  • New York-based company Newsela has raised $15 million in a Series B round led by Kleiner Perkins Caufield & Byers, which contributed $10 million. Zuckerberg Education Ventures, the Knight Foundation, Owl Ventures, and Women’s Venture Capital Fund chipped in the rest. All told, Newsela has raised over $21 million. The company claims users in 70 percent of US public schools. Around the world, four million students and 400,000 teachers have used the literacy tool.

  • London-headquartered 90min, which describes itself as a ‘contributor-driven’ football media platform has raised a further $15 million. Leading the round is German media group ProSiebenSat.1 Media SE, while 90min’s existing backers, Battery Ventures, Dawn Capital and Gemini Ventures, also participated. It brings total funding for the 2011-founded startup to $39 million over four rounds.

  • TVA Medical, Inc., a medical device company developing minimally invasive therapies for patients suffering from End-Stage Renal Disease (ESRD), today announced the completion of a $15 million Series C financing with new investors Baxter Ventures (lead) and Boston Scientific Corporation; existing investors Sante Ventures, S3 Ventures, TriStar Technology Ventures; and other strategic investors. The investment round will support continuation of clinical activities and acceleration of market development for the everlinQ endoAVF System, a catheter-based technology designed to create hemodialysis access for chronic kidney disease patients in a minimally invasive procedure. Funds will support the ongoing Novel Endovascular Access Trial (NEAT) clinical study (12-month follow up to complete in 2016) and additional global clinical research, as well as device reimbursement and market access initiatives.

  • Robin Systems, an IT infrastructure for increasingly data-centric enterprises, today announced it closed a new funding round of $15 million, bringing to $22 million the total investment in the company. The company also announced Premal Buch as chief executive officer and a number of other key management additions. The latest funding round was led by a USAA subsidiary and DN Capital, with participation from Hasso Plattner Ventures and existing investors. The company plans to use the funding to further develop its solutions to reinvent the infrastructure for modern data and applications.

  • One of Australia's tech start-ups Canva has closed a $US15 million ($21 million) capital raising, attracting the attention and dollars of Hollywood stars Woody Harrelson and Owen Wilson. The online graphic design company pulled in the high-profile backers as part of its third funding round, which was led by US-based Felicis Ventures. The latest funding means a total of $27.6 million has now been poured into the company by outside backers, with existing investors such as Blackbird Ventures, Matrix Partners, and Vayner Capital all increasing their share this round.

  • EzCater, a Boston-based business catering platform, has closed a $28 million round of Series C funding led by Insight Venture Partners. The round includes a $13 million tranche that closed in March. EzCater has raised a total of $35 million in funding. EzCater has followed a somewhat nontraditional path as a startup, bootstrapping for years before taking on funding in 2011. The idea for EzCater was inspired by the most frequent customer request at founder and CEO Stefania Mallett’s last startup, a software company that helped pharmaceutical reps schedule meetings with doctors. 

  • Code42, a Minneapolis-based developers of the Crashplan enterprise backup tool, announced a massive $85 million round today. Code42 doesn’t do them small. It has had only one previous round for $52.5 million at the beginning of 2012. The round was led by JMI Equity and New Enterprise Associates, Inc. (NEA). Existing investors Accel and Split Rock Partners also participated. Today’s investment brings the total to $137.5 million over the two rounds.

  • Impossible Foods, Inc., which is creating meat and dairy foods directly from simple plant ingredients, announced today that it has raised $108 million in Series D financing led by UBS and with participation from Viking Global Investors, among others. Earlier round investors, including Horizons Ventures, Khosla Ventures and Bill Gates, also participated.

If you are interested in being included in our funding roundup, submit your press release or blog post about your financing round to mitos@vator.tv. 

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Mitos Suson

I produce Vator Events and enjoy the challenge. I am learning and growing a lot, being involved with Vator and loving every moment of it!

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